XXXX minutes later I obtained another text notifying me that the financing got funded

“Continue checking from time to time to see what Sofi gives you all the couple of months. We refinanced with Sofi directly into an excellent 5.35% rate (5.1% after the automobile-pay attention discount) with an excellent ten season loan (

$125k balance). I quickly refinanced with Sofi again into an effective 4.0% interest (step three.75% following automobile-shell out discount) with a beneficial seven seasons financing (

Just one thing to keep in mind – keep examining back on costs because cannot rates anything to keep refinancing that have Sofi.” – SaguaroSpines on reddit, 8/

He verified your financing is acquired during the XXXX XXXX XXXX XXXX and therefore checking account XXXX is actually according to the label XXXX XXXX

Even more unfiltered buyers evaluations away from SoFi arrive at TrustPilot (4.6 from 5), and you may ConsumerAffairs (2.8 regarding 5).

SoFi Consumer Complaints

Since the user boat finance companies, student loan refinancing lenders fall under the latest jurisdiction of the Individual Financial Coverage Bureau (CFPB), a federal service. As an element of the purpose, new CFPB allows consumers to journal formal issues. These grievances was in public places on the new CFPB official webpages.

As , users have registered step 1,296 grievances regarding SoFi getting normally one to (1) criticism all of the around three (3) days; that is nearly fifteen times an average every single day complaint rate certainly analyzed loan providers. One of several 601 grievances having public narratives, at the very least 58 (9.65%) source education loan refinancing.

Customers file the fresh annual exact carbon copy of you to (1) criticism each $5.326 million into the estimated business funds or you to (1) issue per sixteen group.

The allegations made in these complaints are unverified, are not necessarily member of all consumers’ experiences with SoFi, and get consist of dated information (about rates, bonus offers, etc.). Note that a lender with a large customer base is likely to also have a higher number of complaints when compared with smaller lenders.

Lower than we’ve got included about three (3) of the most recent and you may relevant issues (as of this composing) where the individual decided to sharing the info.

“On XXXX I received a text message from phone number XXXX that my SOFI loan was in process, but that additional information was required to secure the loan. The message included a link to complete the application. I had not started a loan application or any inquiry into a loan application and I assumed this was a fraudulent text. I replied STOP to opt out of any future correspondence. Aprox. On XX/XX/22 I received multiple calls from XXXX phone number XXXX requesting information to complete another loan application. This prompted me to check my credit report. Upon which time I noticed that SOFI had pulled my credit on XX/XX/22. I called SOFI and installment loans Louisiane learned that a personal loan in the amount of <$1>had been dispersed to XXXX XXXX XXXX XXXX XXXX XXXX XXXX. SOFI had all of my personal information on file ( XXXX, XXXX, Home Address, Phone, etc. ) I notified SOFI that this was a case of identity fraud and as of XX/XX/22 my case was being reviewed by their Fraud Dept. I called XXXX XXXX XXXX Bank and spoke to XXXX XXXX ( phone XXXX ) who works in their Fraud Dept. SOFI keeps forwarding me to their Fraud Investigative Team phone number ( XXXX ) that goes straight to voice mail. I can not get a valid case number or confirmation number and they will not give me a phone number or email address to call them directly. The funds have already been dispersed and I want this transaction wiped from my credit and all of my personal information removed from XXXX XXXX.”